NOT LISTED FOR SALE

5521 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $706,000 - $850,000

1 Bed
1 Bath
888 Sq Ft
$863/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $702,000 $791 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,736/month

9 Days on Market

Highlights

  • Bluff on Lot
  • Laundry closet
  • 1-Story Property
  • Living Room

About This Home

As of March 2024

PRIVATE oasis on a hilltop with VIEWS 1.95 acres. Bright open-concept living room with large windows. Sleek kitchen with ample counter space. Built in 2015, LED lights throughout, water softener, high ceilings, and all appliances included. Wake up to views from the bedroom and enjoy entertaining guests on the patio deck overlooking Rainbow Valley. Two sheds located on the property. One with a half bath. Other for storage. Enjoy the blood oranges, avocados, and guavas on this one of a kind location. The land has unlimited potential. NO HOA NO MELLO-ROOS.

Last Agent to Sell the Property

Joshua Kim

eXp Realty of California, Inc. License #01989533 Listed on: 10/13/2023

eXp Realty of California, Inc.

Last Buyer's Agent

Omar Ortiz

My Realty Company, Inc. License #02056548

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,127

Year Built

  • Built in 2015

Lot Details

  • 1.95 Acre Lot
  • Bluff on Lot
  • Property is zoned AGRICULTUR

Home Design

  • Flat Roof Shape
  • Stucco Exterior

Interior Spaces

  • 888 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Gas Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Full Size Washer or Dryer

Parking

  • 7 Parking Spaces
  • Driveway

Utilities

  • Separate Water Meter
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 102-630-66-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,127

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: North County
  • Cross Street: Select Way
  • Neighborhood: Rainbow
  • LP / Sq Ft: 787.16
  • Price Per Sq Ft: 790.54
  • SP/ Sq Ft: 790.54
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 2015
  • A D U Yes No: No
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment Available: Dishwasher, Disposal, Microwave, Gas Oven, Gas Stove
  • Searchable Rooms: Kitchen, Living Room, Master Bedroom, Master Bathroom
  • Total Bedrooms: 1
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Laundry Location: Closet Full Sized
  • Estimated Sq Ft: 888
  • Total Bathrooms: 1

Exterior Features

  • Exterior Material: Stucco
  • Roof: Flat

Garage/Parking

  • Non Garage Parking: Driveway
  • Garage Spaces: 7
  • Parking Spaces Total: 7

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric
  • Sewer/Septic: Septic Installed
  • Water: Meter on Property
  • Heating Fuel: Propane

Condo/Co-op/Association

  • Community: FALLBROOK

Lot Info

  • Lot Size: 1+ to 2 AC
  • Topography: Bluff/Canyon Rim
  • Zoning: AGRICULTUR
  • Assessor Parcel Number: 102-630-66-00
  • Estimated Lot Sq Ft: 84942
  • Estimated Number of Acres: 1.95
  • Map Code Column: A
  • Map Code Page: 999
  • Map Code Row: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2023
Sold by
Jimenez Fernando Fernandez
Bought by
Hendrix Steven
Current Estimated Value
$766,232

Purchase Details

Listed on
Jan 28, 2023
Closed on
Feb 10, 2023
Sold by
Vonyokes and Paige
Bought by
Jimenez Fernando Fernandez
Seller's Agent
Trenton Von Yokes
Equity Real Estate - Pacific C
Buyer's Agent
Joshua Kim
eXp Realty of California, Inc.
List Price
$649,000
Sold Price
$665,000
Premium/Discount to List
$16,000
2.47%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$665,000
Interest Rate
4%
Mortgage Type
VA

Purchase Details

Closed on
Aug 9, 2021
Sold by
Meyer George W
Bought by
Vonyokes Trenton Von and Vonyokes Paige Von

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 22, 2018
Closed on
Sep 17, 2018
Sold by
Bornet Marius J
Bought by
Meyer George W
Seller's Agent
Evangelina Uriostegui
Sunshine Properties RealEstate
Buyer's Agent
Monika Morris
Real Broker
List Price
$495,000
Sold Price
$435,000
Premium/Discount to List
-$60,000
-12.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%
Original Mortgage
$132,275
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 2014
Sold by
Hong Hai Tuan and Le Mai Thi
Bought by
Bornet Marius J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 11, 2003
Sold by
Hirokane George and Hirokane Sumiko A
Bought by
Hong Hai Tuan and Le Mai Thi

Purchase Details

Closed on
Oct 4, 1995
Sold by
Hirokane George and Hirokane Sumiko A
Bought by
Hirokane George and Hirokane Sumiko A
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hendrix Steven $45,000 Fidelity National Title
Jimenez Fernando Fernandez $665,000 Ticor Title
Vonyokes Trenton Von $555,000 Wfg Title Co Of Ca San Diego
Meyer George W $435,000 Fidelity National Title San
Bornet Marius J $150,000 First American Title
Hong Hai Tuan $90,000 Commonwealth Land Title
Hirokane George -- Commonwealth Land Title
Hirokane George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jimenez Fernando Fernandez $665,000
Previous Owner Vonyokes Trenton Von $499,500
Previous Owner Meyer George W $172,000
Previous Owner Meyer George W $132,275
Previous Owner Bornet Marius J $630,000
Previous Owner Bornet Marius J $502,500
Previous Owner Bornet Marius J $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $702,000 +0.4% $791 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $699,000 +5.1% $787 / Sq Ft
02/06/2023 02/06/23 Sold $665,000 +2.5% $749 / Sq Ft
02/04/2023 02/04/23 Pending -- -- --
01/28/2023 01/28/23 For Sale $649,000 +49.2% $731 / Sq Ft
10/16/2018 10/16/18 Sold $435,000 -12.1% $490 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $495,000 -- $557 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,127 $716,040 $489,600 $226,440
2024 $7,127 $678,299 $453,896 $224,403
2023 $5,931 $555,000 $371,389 $183,611
2022 $5,848 $555,000 $371,389 $183,611
2021 $4,632 $448,294 $299,985 $148,309
2020 $4,652 $443,699 $296,910 $146,789
2019 $4,562 $435,000 $291,089 $143,911
2018 $2,955 $280,961 $188,011 $92,950
2017 $2,895 $275,453 $184,325 $91,128
2016 $2,826 $270,053 $180,711 $89,342
2015 $2,740 $261,997 $177,997 $84,000
2014 $1,164 $105,110 $105,110 $0
Source: Public Records

Agents Affiliated with this Home

  • Joshua Kim

    Seller's Agent in 2024

    Joshua Kim

    eXp Realty of California, Inc.

    (760) 208-3675

    112 Total Sales

    Joshua Kim
    Section Image
  • Omar Ortiz

    Buyer's Agent in 2024

    Omar Ortiz

    My Realty Company, Inc.

    (805) 249-0131

    102 Total Sales

    Omar Ortiz
    Section Image

  • T

    Seller's Agent in 2023

    Trenton Von Yokes

    Equity Real Estate - Pacific C

    Section Image
  • Evangelina Uriostegui

    Seller's Agent in 2018

    Evangelina Uriostegui

    Sunshine Properties RealEstate

    (760) 728-8855

    46 Total Sales

    Evangelina Uriostegui
    Section Image
  • Eren Melendez

    Seller Co-Listing Agent in 2018

    Eren Melendez

    Sunshine Properties RealEstate

    (760) 622-1644

    27 Total Sales

    Eren Melendez
    Section Image
  • Monika Morris

    Buyer's Agent in 2018

    Monika Morris

    Real Broker

    (619) 248-6434

    25 Total Sales

    Monika Morris
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230020222

San Diego MLS

APN: 102-630-66

California San Diego County Fallbrook 92028

5521 Rainbow Heights Rd, Fallbrook, CA

This home is located at 5521 Rainbow Heights Rd, Fallbrook, CA 92028 since 13 October 2023 and is currently estimated at $766,232, approximately $862 per square foot. This property was built in 2015. 5521 Rainbow Heights Rd is a home located in San Diego County with nearby schools including Vallecitos Elementary School and Fallbrook High School.

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